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ICI reports money market funds assets drop to 7.85 trillion dollars

摸鱼不慌
摸鱼不慌

According to data released by ICI, the total assets of money market funds in the United States have decreased to 7.85 trillion dollars.

Key Points

1. ICI， the Investment Company Institute， is a non-profit membership trade association representing the mutual fund industry.

2. Money market funds are the safest funds issued by investment companies， primarily targeting funds invested in short-term debt instruments typical of a money market portfolio.

3. The organization's report shows a significant shift in the asset allocation of the U.S. money market landscape， with the total amount reaching its current level.

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